Gumbs says passive ownership of government companies is at an end

Minister of Finance Marinka Gumbs informed Parliament in Great Bay today that the government is transitioning to an active and accountable ownership model for its state-owned companies. Gumbs stated that the era of passive shareholder oversight has concluded, marking a definitive shift in policy. This move signifies the government's intention to assume greater direct control and demand increased accountability from entities under its ownership. The change aims to establish a more involved role for the government in the management and performance monitoring of its companies, moving away from previous hands-off approaches.